The chair of the ad-hoc board of Venezuela's state-owned oil company PDVSA (PDVSA.UL), which controls some of its most important foreign assets, said on Thursday it was very likely that Washington will extend Chevron's license to operate in the South American country.
The logo of Chevron is seen at the company's office in Caracas, Venezuela April 25, 2018. REUTERS/Marco Bello/File PhotoCARACAS, April 7 - The chair of the ad-hoc board of Venezuela's state-owned oil company PDVSA , which controls some of its most important foreign assets, said on Thursday it was very likely that Washington will extend Chevron'sThe United States has provided the U.S.
"I think it is very likely that Chevron and service companies will have their licenses extended," Horacio Medina, chair of the PDVSA ad-hoc board named by Venezuela's opposition, said in a virtual event.An extension would not mean anything different to the terms Chevron is currently operating under, Medina said, although he added that the oil company seems to be asking for a two-year extension.A high-level meeting between U.
The special operating license, which expires in June, also applies to oilfield service companies including Halliburton
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